Nicholas Piramal Q3 net rises to Rs 43.30 crore

Mumbai, Jan 18 (UNI) Nicholas Piramal India Ltd (NPIL) has posted a net profit of Rs 43.30 crore for the quarter ended December 31, 2006 as compared to Rs 23.74 crore for the quarter ended December 31, 2005.

Announcing the results, the Company said its total income (net of excise) had increased from Rs 357.30 crore for the quarter ended December 31, 2005 to Rs 408.04 crore for the quarter ended December 31, 2006.

As per the Consolidated results, the Group has posted a profit after Prior Period items of Rs 55.55 crore for the quarter ended December 31, 2006, where as the same was at Rs 9.68 crore for the quarter ended December 31, 2005.

Total Income (net of excise) is Rs 649.70 crore for the quarter ended December 31, 2006 where as the same was at Rs 406.02 crore for the quarter ended December 31, 2005.

The consolidated results for the current quarter ended December 31, 2006 include the results of NPIL Pharmaceuticals (UK) Ltd, UK and Torcan Chemical Ltd, Canada which were acquired in December 2005 and the Morpeth facility acquired from Pfizer in June 2006. The figures therefore are not strictly comparable.

UNI